How does the business experience of Jim Holthouser as described in Item 2 relate to the overall success of Carvel franchises?

According to Carvel's 2025 Franchise Disclosure Document, Item 2 provides information on the business experience of key figures within the Carvel organization, including Jim Holthouser, the Chief Executive Officer. Holthouser's extensive leadership roles suggest a wealth of experience in managing and growing franchise systems, which could positively influence the strategic direction and overall success of Carvel franchises. His experience as President of GoTo Systems and CEO of GoTo Foods, JJ, and other GoTo Foods Portfolio companies indicates familiarity with the food industry and franchise operations. This experience may translate into effective decision-making and support for Carvel franchisees.

Specifically, Jim Holthouser has been the Chief Executive Officer of Carvel since February 2020. Since February 2020, he has also served as President of GoTo Systems, Chief Executive Officer of GoTo Foods, JJ, each of the Former GoTo Franchisors, and each of the other GoTo Foods Portfolio companies, and a member of the Board of Managers for GoTo Foods, JJ, and each of the Former GoTo Franchisors. Before that, from February 2018 to January 2020, he owned Madison County Multiplex, LLC in Stanford, Kentucky.

For a prospective franchisee, this information is relevant because it provides insight into the leadership and management expertise guiding the Carvel brand. A CEO with a strong background in franchising and food service may be better equipped to navigate market challenges, implement effective strategies, and provide valuable support to franchisees. This could lead to improved brand recognition, operational efficiency, and ultimately, increased profitability for individual Carvel franchise locations. Therefore, Holthouser's experience is a factor that potential franchisees may consider when evaluating the Carvel franchise opportunity.